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☆ I'm an entrepreneur and father who brings my son to work events. Blending family and work is how I find balance.
▼ + stars: | 2024-10-26 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

Peter Lewis, a tech and finance executive, travels yearly between two countries with his family. Lewis involves his son in work events, turning challenges into entrepreneurship lessons. "We're a traveling family," Lewis told Business Insider. "I've learned to find meaning in how our work and family lives intersect," Lewis said. If you work in Big Tech or finance and would like to share your work-life balance story, email Tess Martinelli at tmartinelli@businessinsider.com.

Persons: Peter Lewis, Lewis, —, he's, Lewis —, it's, Tacoma , Washington —, I've, Tess Martinelli Organizations: Service, Business, He's, Big Tech Locations: Wichita , Kansas, Santiago , Chile, South America, Tacoma , Washington, Oregon, Big, tmartinelli

Zelig Williams, 28, was staying with his mother in his hometown of Columbia, South Carolina, since the summer and had been hosting specialized dance workshops. Zelig Williams’ family, friends and community are holding on to faith that God is with him, she added. “It is a struggle, but they are holding close to the belief that Zelig will return home.”Zelig Williams. The Show.” Jackman posted about Zelig Williams to his Instagram stories over the weekend. “ZELIG, we love you and are praying for your safe return.”Caroline Lewis Jones met Zelig Williams when he was just 11 years old.

Persons: It’s, Tony, “ Hamilton ”, Zelig Williams, Kathy Williams, Mieoki Corbett Jacobs, Corbett Jacobs, ” Corbett Jacobs, ” Zelig Williams, Williams, ” Kathy Williams, ”, Hugh Jackman, ” Jackman, ZELIG WILLIAMS, “, ” Caroline Lewis Jones, Jones, she’s, “ Zelig, ” Jones, Williams ’, he’s Organizations: Columbia, NBC News, Police, Richland County Sheriff’s Department, Columbia Police Department Locations: Columbia , South Carolina, New York City, Wateree , South Carolina, Richland County

Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific island nation of Kiribati May 25, 2013. CHINESE INTEREST AS WESTERN BANKS EXIT"The proposed World Bank project is a creative way of addressing the challenge of de-risking and small scale in Pacific Island countries," said Lalita Moorty, the World Bank's East Asia and Pacific director for prosperity. Without access to overseas banks, Pacific countries would struggle to receive remittances - a key component of their economies - welcome holidaymakers or trade with the wider world. "It can create instability for the financial system," said Denton Rarawa, senior economics adviser at the Pacific Islands Forum. "What we're saying is that if you're not going to address concerns and issues we have, Pacific countries will start looking elsewhere for support."

Persons: David Gray, Solomon, Lalita Moorty, Denton Rarawa, Mark Brown, Janet Yellen, Ariff Ali, Lewis Jackson, Lucy Craymer, Ziyi Tang, William Mallard Organizations: REUTERS, Villagers, WELLINGTON, Bank, U.S, Pacific Islands, World Bank, Pacific, ANZ Bank, Westpac, Bendigo Bank, Bank of China, Reuters, Cook, U.S . Treasury, Federal Reserve, Reserve Bank of Fiji, Thomson Locations: Tangintebu, South, Pacific, Kiribati, SYDNEY, Australia, China, Washington, Nauru, Solomon Islands, Taiwan, Beijing, U.S, East Asia, Papua New Guinea, Vanuatu, Tonga, Samoa, Brisbane, Pacific Islands, Sydney, Wellington

☆ Washington Post abruptly replaces executive editor Sally Buzbee in shakeup
▼ + stars: | 2024-06-02 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN —The Washington Post announced on Sunday that it had parted ways with its top editor, Sally Buzbee, in a seismic shakeup executed by new publisher and chief executive William Lewis just months before the high-stakes 2024 presidential election. “Sally is an incredible leader and a supremely talented media executive who will be sorely missed,” Lewis said in a statement. “I wish her all the best going forward.”While Lewis praised Buzbee publicly on Sunday, she oversaw a particularly tumultuous period at the venerable newspaper. The Post said that Matt Murray, former editor in chief of The Wall Street Journal, will immediately replace Buzbee as executive editor. After the November election, Robert Winnett, deputy editor of The Telegraph Media Group, will take on a new role as editor of The Post, overseeing its core news offering.

Persons: Sally Buzbee, William Lewis, “ Sally, ” Lewis, “, Lewis, Buzbee, Matt Murray, Murray, Robert Winnett, Donald Trump, Rupert, “ I’m, Sally, ” Murray, Will Organizations: New, New York CNN, Washington Post, Post, Street, The Telegraph Media Group, The, Wall Street Locations: New York

☆ 2 Brothers in Trump Media Insider-Trading Scheme Plead Guilty
▼ + stars: | 2024-04-03 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Two brothers from Miami pleaded guilty on Wednesday in federal court in Manhattan for their role in a nearly $23 million insider-trading scheme surrounding the 2021 announcement that former President Donald J. Trump’s social media company planned to merge with a cash-rich shell company. Michael and Gerald Shvartsman, who had pleaded not guilty to securities fraud charges last summer, were set to go on trial later this month. But the brothers decided this week to forgo a trial, instead entering their guilty pleas before Judge Lewis J. Liman of U.S. District Court for the Southern District of New York. Each man pleaded guilty to one count of securities fraud. Michael Shvartsman, who ran a venture investment firm called Rocket One, used some of the proceeds from the scheme to buy a $14 million luxury yacht that he named Provocateur.

Persons: Donald J, Michael, Gerald Shvartsman, Judge Lewis J, Liman, Michael Shvartsman Organizations: Southern, of, Trump Media & Technology Group, Acquisition Corporation Locations: Miami, Manhattan, U.S, of New York

CNN —Comedian and actor Richard Lewis, whose self-deprecating humor and acerbic wit in shows like “Curb Your Enthusiasm” and “Anything but Love” entertained audiences for decades, has died, according to his publicist Jeff Abraham. In April of 2023, Richard revealed that he had been living with Parkinson’s disease. ‘Enthusiasm’ for a lasting friendshipArguably best known for his role on “Curb,” Lewis just recently shared that the decision to play himself on the hit series was creator David’s idea. Lewis and David’s relationship extended beyond the screen, having been in each other’s lives since their 20s. Lewis performed stand-up comedy for 50 years until he took his final bow in 2018 at Chicago’s Zanies.

Persons: Richard Lewis, ”, Jeff Abraham, Abraham, “, Richard, Lewis, Johnny Carson ”, Larry David, Jamie Lee Curtis, Prince John, Mel Brooks ’, Robin Hood, ” Richard Lewis, Ethan Miller, Lewis ’, ” “ Richard, ” Lewis, David, David “, Larry, ” Larry David, John P, Johnson, “ Richard, he’s, I’ll, ” Lewis ’, Joyce Lapinsky Organizations: CNN, Software, Bellagio, HBO, Warner Bros, ”, Ohio State University Locations: Los Angeles, Las Vegas , Nevada, Brooklyn, New Jersey, Chicago’s

☆ Canada, Australia, New Zealand Call for Immediate Ceasefire in Gaza
▼ + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com time to read: 1 min

SYDNEY (Reuters) - The leaders of Canada, Australia and New Zealand on Thursday called for an immediate humanitarian ceasefire in Gaza, according to a joint statement released in response to reports about Israel's planned military operation in Rafah. "We are gravely concerned by indications that Israel is planning a ground offensive into Rafah. A military operation into Rafah would be catastrophic," the statement by the Prime Ministers of the three countries said. "An immediate humanitarian ceasefire is urgently needed." War in Israel and Gaza View All 209 Images(Reporting by Lewis Jackson; Editing by Alasdair Pal)

Persons: Israel's, Benjamin Netanyahu, Lewis Jackson, Alasdair Pal Organizations: SYDNEY, Hamas Locations: Canada, Australia, New Zealand, Gaza, Rafah, Israel

☆ Australian War Hero Appeals Defamation Ruling on Reports He Was Complicit in Afghan Unlawful Killings
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Lewis JacksonSYDNEY (Reuters) - An Australian court on Monday began hearing the appeal of a decorated war hero, who is fighting a court defamation ruling that found media groups had proven their reports he played a part in the unlawful killings of four Afghans in Afghanistan. He called the reports false and based on claims of failed soldiers who were jealous of his accolades, and sought unspecified damages. The civil court defamation finding required a lower threshold of proof than a criminal court would. Roberts-Smith, 45, whose portrait hangs in the Australian War Memorial, has not been charged with any crimes. The lengthy legal battle has racked up huge costs for Roberts-Smith and his financial backer, Seven West Media chairman Kerry Stokes.

Persons: Lewis Jackson SYDNEY, Ben Roberts, Smith, Roberts, Kerry Stokes, Stokes, Lewis Jackson, Alasdair Pal, Michael Perry Organizations: Former SAS, Victoria Cross, Nine Entertainment, Australian, Roberts, Seven West Media, Sydney Morning Herald Locations: Afghanistan

☆ Matthieu Pavon: His mother buried a coin by a tree at Augusta as a good luck charm for her son. This is what happened next
▼ + stars: | 2024-02-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —Since the early 2000s, a coin has lay buried next to a tree at Augusta National Golf Club, nestled there as a good luck charm by the mother of a promising young French golfer. Not since Arnaud Massy became the first non-Briton to win the Open Championship in 1907 has a Frenchman lifted silverware at a recognized Tour event. The world’s 890th ranked amateur when he turned professional in 2013, Pavon spent two years on the Alps Tour before graduating to the Challenge Tour, finally securing his card on the DP World Tour (European Tour) in 2017. “I don’t come from a normal background because I wasn’t a great player once,” Pavon told CNN Sport’s Don Riddell. Augusta National and Spyglass Hill – host of this week’s Pebble Beach Pro-Am – were once courses Pavon could only navigate in the video game world of Tiger Woods PGA Tour 06.

Persons: Matthieu Pavon, Pavon, Arnaud Massy, Frenchman, Denmark’s Nicolai Hojgaard, ” Pavon, CNN Sport’s Don Riddell, “, Gregory Bull, Michel, Beatrice, Naomi Baker, Justin Thomas, Rickie Fowler, “ Spyglass, you’re, You’re, you’ve, Céline Boutier, Massy, Catherine Lacoste, Patricia Meunier, Lebouc, Boutier, Lewis Joly, ” Organizations: CNN, Augusta National Golf, Farmers Insurance, Spanish, PGA, Harvard University, France’s Ligue, Getty, Pavon’s PGA, Players, . Augusta National, Tiger, Céline, Evian Championship, Chevron, Evian, Ryder, Europe Locations: Augusta, French, Toulouse, California, Europe, America, Pavon, France’s, Bordeaux, Rome, Bethpage , New York

☆ Australia Appoints Former Minister to Head Sovereign Wealth Fund
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

By Lewis JacksonSYDNEY (Reuters) - Australia's centre-left Labor government on Monday said it would appoint a former climate change minister to chair the A$212 billion ($139 billion) sovereign wealth fund, the second successive ex-minister to hold the position. Until then, Combet will continue as chair of the Net Zero Economy Agency, which oversees Australia's net zero transition plans, Chalmers said. Future Fund board member Mary Reemst has been appointed acting chair until he begins the role. Started in 2006 by then Treasurer Peter Costello with proceeds from the privatisation of state telco Telstra, the Future Fund today rivals the country's largest pension funds in size. In one of his final speeches last November, he urged government to resist using the fund to support political projects.

Persons: Lewis Jackson SYDNEY, Greg Combet, Jim Chalmers, Combet, Chalmers, Mary Reemst, Mr Combet, Peter Costello, telco, Costello, Lewis Jackson, Stephen Coates Organizations: Labor, IFM, Future Fund, Economy Agency, telco Telstra, Fund, Liberal Party

NEW YORK (AP) — British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, pleaded guilty Wednesday to insider trading and conspiracy charges in New York. The 86-year-old businessman entered the plea in Manhattan federal court six months after he was charged in the case. U.S. Attorney Damian Williams said the plea deal includes the largest financial penalty for insider trading in a decade. Broad Bay Limited, which Lewis owns, will pay more than $50 million in financial penalties, the prosecutor said in a release. Federal sentencing guidelines call for a prison sentence of between 18 and 24 months, though Lewis can seek less than that.

Persons: Joe Lewis, Lewis, Damian Williams, —, Joseph Lewis, Williams, Forbes, Lewis ’, Picasso, Matisse, Degas, Woods, Ernie Els, Justin Timberlake, Prosecutors, Jennifer Peltz Organizations: Tottenham Hotspur, Broad, U.S, Premier League, Lewis ’ Tavistock Group, Associated Locations: British, New York, Manhattan, United States, oceanside

SAVANNAH, Ga. (AP) — The company seeking permits to mine minerals near the edge of the Okefenokee Swamp and its vast wildlife refuge has agreed to pay a $20,000 fine to Georgia environmental regulators, who say the company violated state laws while collecting soil samples for its permit application. The plan is required for Twin Pines to qualify for a permit. Twin Pines has insisted it can mine without harming the swamp. An attorney for Twin Pines said Wednesday the company denies any wrongdoing. The Army Corps entered an agreement with Twin Pines to maintain its hands-off position in 2022.

Persons: “, Lewis Jones, Josh Marks, EPD, ” Marks, Donald Trump, Joe Biden Organizations: Georgia Environmental, Twin, Twin Pines Minerals, Twin Pines, Regulators, Refuge, ”, National Park Service, UNESCO, U.S . Fish, Wildlife Service, and Wildlife Service, Army Corps of Engineers, Army Corps Locations: SAVANNAH, Ga, Georgia, Twin Pines, Alabama, Twin, Mississippi, Atlanta, blackwater

☆ Australian Foreign Minister Calls for 'Sustainable Ceasefire' at Start of Middle East Tour
▼ + stars: | 2024-01-14 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Lewis JacksonSYDNEY (Reuters) - Australia's foreign minister called on Monday for a "sustainable ceasefire" in Gaza as she left for a Middle East tour that includes a visit to the occupied West Bank and meetings with the families of Israeli hostages. "Our position is that we want to see a sustainable ceasefire and that we see an international humanitarian, immediate humanitarian ceasefire as a step towards that," Wong said at a news conference ahead of her departure. "No ceasefire can be one sided and no ceasefire can be unconditional." Wong will then travel to Jordan before visiting the West Bank, where she will meet representatives of communities affected by violence from Israeli settlers. "I will make clear Australia’s support for Palestinians’ right to self-determination and commitment to meeting humanitarian needs in Gaza and the West Bank," she said.

Persons: Lewis Jackson SYDNEY, Penny Wong, Wong, Israel, Lewis Jackson, Neil Fullick Organizations: West Bank, United, UN Locations: Gaza, Jordan, Israel, United Arab Emirates, Australia, U.S

☆ Australia Government Seeks Opposition Support on Immigration Detention Legislation
▼ + stars: | 2023-12-05 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +2 min

The verdict overturned an court ruling from about 20 years ago that said indefinite immigration detention was lawful as long as the government intended to remove the person from Australia eventually. The federal government is scrambling to pass the law as the opposition coalition and government lawmakers continued to clash over the ramifications of the high court ruling. The proposed law will allow the government to refer non-citizens freed from immigration detention to judges to decide whether they pose a risk to the community. Three of the about 150 people who were freed since the court ruling have been charged with fresh offences, media have reported. Dreyfus said the government would reject amendments to the bill because they risk exposing it to further challenges in the high court.

Persons: Mark Dreyfus, Dreyfus, Renju Jose, Lewis Jackson, Gerry Doyle Organizations: SYDNEY, Australian, Wednesday, Attorney Locations: Australia's, Australia, Sydney

☆ Australia to End Daily Letter Delivery as Postal Service Pivots to Parcels
▼ + stars: | 2023-12-05 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +2 min

By Lewis JacksonSYDNEY (Reuters) - Australia Post will soon end daily letter deliveries as part of a series of postal reforms announced on Wednesday designed to modernise the government-owned postal service and help it turn a profit. Australia Post will also have an extra day to deliver regular mail. Australia Post delivered half a billion parcels last financial year, or roughly 20 per person. Losses in the letter business rose 50% to A$384 million. Australia Post has applied to the competition regulator to increase the basic letter postage rate to A$1.50 from A$1.20 from early near year.

Persons: Lewis Jackson SYDNEY, Paul Graham, eCommerce, Graham, Lewis Jackson, Jamie Freed Organizations: Australia Post, Australia Locations: Australia

The deal was expected to fail after Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, said it would reject the A$9.39 per share offer. AustralianSuper owns about 17% of Origin, which was enough to block the bid. Origin already has plans to develop 4 gigawatts by 2030, and Chairman Scott Perkins reaffirmed that strategy, adding that the company was open to working with other investors. "The way we've seen the energy transition is there's been plenty of scope for third party capital to invest alongside Origin," Perkins told reporters after the vote. In its statement, AustralianSuper said it would be a willing capital partner for Origin as it "prepares to transition over the coming decades".

Persons: Dado Ruvic, AustralianSuper, Brookfield, Scott Perkins, Perkins, Scott Murdoch, Lewis Jackson, Alasdair Pal, Miral Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, EIG Partners, Thomson Locations: Brookfield, Australia's, Sydney

A fence is seen in front of wind turbines that are part of the Infigen Energy Capital Wind Farm located on the hills surrounding Lake George, near the Australian capital city of Canberra, Australia February 21, 2018. Australia's electricity transmission network, batteries and sustainable aviation fuel are three areas where simplified planning, subsidised finance and other regulatory changes could catalyse investment, according to a report released by eight major pension funds. Changes could quickly unlock A$4 billion ($2.7 billion) worth of investment in batteries, the report said. Once passive managers who predominantly invested at home, Australian pension funds have become international heavyweights, managing A$2.4 trillion - the fourth largest pool of retirement savings by country globally. Australian pension fund Aware Super committed A$10 billion.

Persons: David Gray, Paul Schroder, David Neal, Lewis Jackson, Edwina Gibbs Organizations: Infigen, REUTERS, Rights, Labor, Thomson Locations: Lake George, Canberra, Australia, U.S, EU, Korea, Canada

☆ New Zealand to Introduce RBNZ Reforms, Lift Cigarette Sale Ban
▼ + stars: | 2023-11-28 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

SYDNEY (Reuters) - New Zealand's new government will introduce legislation to reform the Reserve Bank of New Zealand's mandate and lift a ban on the sale of cigarettes to future generations within its first 100 days, Prime Minister Christopher Luxon said in a statement on Wednesday. The centre-right National Party, led by Luxon, returned to power alongside the populist New Zealand First party and libertarian ACT New Zealand after six years of rule by governments led by the left-leaning Labour Party. Luxon, who was sworn in on Monday, said its 49-point action plan was focused on the economy, easing the cost of living and restoring law and order. The coalition will also push ahead with its plans to repeal amendments to the Smokefree Environments and Regulated Products Act 1990, including a world-first ban on the sale of cigarettes to future generations. (Reporting by Lewis Jackson in Sydney, Editing by Alasdair Pal)

Persons: Christopher Luxon, Luxon, Lewis Jackson, Alasdair Pal Organizations: SYDNEY, Reserve Bank of New, National Party, New Zealand First, ACT New Zealand, Labour Party, Zealanders, Coalition Government Locations: Sydney

[1/2] Vape pens stand in a display cabinet at a vape store, in Melbourne, Australia, May 2, 2023. REUTERS/Sandra Sanders/File Photo Acquire Licensing RightsSYDNEY, Nov 28 (Reuters) - Australia will ban imports of disposable vapes in January, the Health Minister said on Tuesday, the first step in a crackdown aimed at curbing the growing popularity of these nicotine-filled devices with young people. Despite one of the lowest rates of smoking in the OECD, a group of mostly rich countries, vaping in Australia is growing rapidly, especially among the young. First flagged in August, the reforms aim to curb the device's popularity in response to research showing the potential for long-term harm. To ensure the bans don't limit access for smokers looking to quit, doctors and nurses will be given expanded powers in January to prescribe therapeutic vapes where clinically appropriate.

Persons: Sandra Sanders, Mark Butler, Butler, Lewis Jackson, Miral Organizations: REUTERS, Rights, Health, Australian Border Force, Therapeutic Goods Administration, OECD, Thomson Locations: Melbourne, Australia

☆ Australia appoints BoE's Andrew Hauser as new RBA deputy governor
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

[1/4] Andrew Hauser, who has been appointed the next Deputy Governor of the Reserve Bank of Australia, is seen in this undated handout photo distributed on November 27, 2023. Australian Government/Handout via REUTERS Acquire Licensing RightsSYDNEY, Nov 27 (Reuters) - Australia on Monday appointed the Bank of England's (BoE) Andrew Hauser as the new deputy governor of the Reserve Bank of Australia (RBA), filling a position that had been vacant since Michele Bullock was elevated to the top role in late September. Hauser, who currently serves as the executive director at markets at the BoE, is expected to start before the first RBA board meeting next year. Governor Bullock welcomed the appointment. "I warmly congratulate Andrew on his appointment...He has great experience and will bring a welcome external perspective to the Bank and the Reserve Bank Board."

Persons: Andrew Hauser, BoE, Michele Bullock, Hauser, Governor Bullock, Andrew, Lewis Jackson, Stella Qiu, Kim Coghill, Sam Holmes Organizations: Reserve Bank of Australia, Australian Government, REUTERS Acquire, Rights, Monday, Bank of England's, London School of Economics, Bank, Reserve Bank Board, Thomson Locations: Australia

☆ Australia to amend law to regulate digital payments like Apple, Google Pay
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

A smartphone with the Apple Pay logo is placed on a displayed Google Pay logo in this illustration taken on July 14, 2021. Digital wallets from the likes of Apple (AAPL.O), Google (GOOGL.O) and WeChat developer Tencent (0700.HK) have exploded in popularity but are not captured by Australian payments law. "We are modernising Australia's payments system to ensure it meets the needs of our economy now and into the future," Treasurer Jim Chalmers said in a statement. "We want to make sure the increasing use of digital payments occurs in a way that helps promote greater competition, innovation and productivity across our entire economy." Regulators are responding to the rapid growth of digital wallets, especially among the young.

Persons: Dado Ruvic, Jim Chalmers, Chalmers, Lewis Jackson, Jamie Freed Organizations: Apple, REUTERS, Rights, Google, HK, Reserve Bank of Australia, Thomson

REUTERS/David Gray Acquire Licensing RightsSYDNEY, Nov 24 (Reuters) - The long-term value of hotly contested $10.6 billion takeover target Origin Energy (ORG.AX) has been muddied by a government plan to accelerate the rollout of renewable energy, announced just hours before a key shareholder vote. However, the potential for new investment via the government's scheme undercuts Brookfield's argument that Origin and Australia needed its deep pockets to decarbonise quickly, Vickerson said. Pension giant AustralianSuper has argued Origin's stake in fast-growing British renewable energy company Octopus Energy, gas assets and millions of customers position the company well for the energy transition. The government's new scheme only strengthens the fund's conviction about Origin, according to a person familiar with AustralianSuper's thinking. However, Simon Mawhinney, chief investment officer at fund manager Allan Gray, which owns a roughly 3% stake in Origin, said the government's plan appears likely to push down returns.

Persons: David Gray, AustralianSuper, Max Vickerson, Vickerson, Brookfield, Tom Leske, Simon Mawhinney, Allan Gray, Lewis Jackson, Sonali Paul Organizations: REUTERS, Rights, Energy, Morgans, Origin, AGL Energy, Churchill Capital, Octopus Energy, Thomson Locations: Sydney, Chatswood, Australia, Brookfield

Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. When asked during a press conference if he had reservations about the revised deal, Chairman Scott Perkins said: "absolutely". DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.

Persons: Dado Ruvic, Australia's, EIG, Scott Perkins, Blair Thomas, Allan Gray, Simon Mawhinney, Mawhinney, Chris Bowen, Scott Murdoch, Lewis Jackson, Praveen Menon, Lincoln, Sonali Paul, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, Brookfield ., EIG Partners, Australia Pacific LNG, Reuters, Brookfield consortium's, Energy, Thomson Locations: Brookfield, Sydney, Australia

Origin said based on the early votes received the original offer would not have won support. Under the new terms, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion ($8 billion). Origin shareholders would receive a total of A$9.08 per share, with an additional A$0.22 if EIG got up to 90.1% control of Origin. Institutional investors who have already voted on the A$9.43 offer can choose to change or keep their vote, or opt to invest in the energy markets business.

Persons: Dado Ruvic, EIG, Chris Bowen, Scott Murdoch, Lewis Jackson, Miral Fahmy, Lincoln, Sonali Paul Organizations: Brookfield, REUTERS, Companies Brookfield, Origin Energy, Brookfield ., EIG Partners, Australia Pacific LNG, Brookfield consortium's, Energy, Thomson Locations: SYDNEY, Brookfield, Sydney, Australian, Australia

Trading in Origin Energy shares was paused on Thursday. Brookfield Corp (BN.TO), which has teamed up with EIG Partner's MidOcean Energy, and Origin Energy did not respond to requests for comment. Origin shares closed on Wednesday at A$8.42, up 1.69%, but well below the offer price of A$9.43 per share. If everyone thought it was going ahead the share price would be higher," he told Reuters. Origin shares remain 2.1% lower than last week's close and have traded well below the offer price since the new bid.

Persons: Dado Ruvic, EIG, Jamie Hannah, I'm, Scott Murdoch, Lewis Jackson, Miral Fahmy Organizations: Brookfield, REUTERS, Rights, Origin Energy, Brookfield Corp, Energy, Investors, Newmont Corp, Newcrest Mining, VanEck, Reuters, Origin, Thomson Locations: Brookfield, Lincoln

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